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Hy people,
Both strategies use the Trend as the main thing to know. Kamper uses that Trend Histo and MP uses that woodo spagetti system. I wanted to know what others use for getting the trend.
So my question is: what is the best trend indicator you've ever seen?
Trend Histo lags and spagetti is not accurate and also lags because it's based on MA. MACD gives false signals sometims while Yellow with the Red cross showes them ok but after the event happened.
Thanks
Hy people,
Both strategies use the Trend as the main thing to know. Kamper uses that Trend Histo and MP uses that woodo spagetti system. I wanted to know what others use for getting the trend.
So my question is: what is the best trend indicator you've ever seen?
Trend Histo lags and spagetti is not accurate and also lags because it's based on MA. MACD gives false signals sometims while Yellow with the Red cross showes them ok but after the event happened.
ThanksThe Laguerre RSI posted earlier in this thread is pretty good. It at least gives a heads up of when the trend may burn it self out. Price is the best trend indicator though. If you put the LRC on a daily chart and look at it's angle that will show the trend. Also, look at what price is doing in the channel as it moves up and down creating higher highs, lower lows, ......etc.
The Laguerre RSI posted earlier in this thread is pretty good. It at least gives a heads up of when the trend may burn it self out. Price is the best trend indicator though. If you put the LRC on a daily chart and look at it's angle that will show the trend. Also, look at what price is doing in the channel as it moves up and down creating higher highs, lower lows, ......etc.
========================================
i will defend my little oscillator thingie to the death --- its PEOPLE who cant read it, not the thingie cause you always need to be watching the lower timeframes for ANY changes --- you arent gonna see it on an H4 or the DAILY (and THATS where the trend comes from, along with partially from the H4) till its started but that is (for this discussion) not the problem --- we want to know the trend for safety going forward, and it reports just fine.
now, i aint tried the "war" indicator, as it does make broad moves all ovr the place, but when i posted last, my macd and the "war" thingie were agreeing.
yeah, in a whippy mkt the macd will "sometimes" take a slight turn away from the truth, but since youre probably already in the trade using the ziggys and arrows, its of no significance as long as the ma arrows show you up or down -- i guess im used to it, and while i have a bunch of other indicator "paks" on my charts, slowly im getting to the point of not using any of them and using the ziggys, fibs, arrows and macd thingie for the longer term trades i do.
but ill watch war for a while, cause im just that kind of fairness kinda guy ! (LOL)
I PREACH LRCtill my head becomes a ringing ball, turns blue and starts spinning around like in the "Exorcist" !
THERE AINT NOTHING THAT COMES NEAR TO SHOW TREND, PROBABLE REVERSALS AND TREND, once again ! --- its so far ahead of anything else besides the DeMarker that everything else should run and hide in shame !
Mp -- $250 Demo
enjoy and trade well
mp
================================================
its a simple mechanical hedge trade of GBPUSD that i enter with a 5 pip take profit on the long and the same on the short ---- both trades are entered as closely to each others price as possible and the whole concept is based on the intraday reversals that EVERY currency goes thru and the inter - interday reverrsals they make ! My spread is one pip !
I DO NOT USE A STOPLOSS !
I enter a minimum of 45 minutes before the market reversals in the US which can be considered as MAJOR at NOON, EST and MIDNITE, EST.
I use the minor reversals at 10:30 AM, 1:30 PM, 5PM, 8PM
NONE of these times are written in stone unfortunately, but on a very high average hold true ---- sometimes the NOON reversal happens at 11:30 AM if the banks feel its time to reverse, but invariably the trade will come in if you get stuck there --- simply takes a few hours then.
I have been trading this without entering a weekend trade, but last week I did as an experiment and it cleared nicely came sunday nite --- I wouldnt run right out and do that, but its something to consider.
if you observe the market, you will notice reversals every 1.5 hours ( WHICH USUALLY DO NOT ALTER THE LONGER TREND, such as on the H1), as the longs get out and the shorts come in (or the brokers now short the runup to make THEIR profit against your long, or to simply hit your stoploss, take your shares, and then run the price up again ---- that way they make twice as much while you sit there wondering what happened to your nice profit on the long trade !
IF THE REVERSALS COME IN EARLY, count one and a half hours to expect the next --- somewhere on down the line the banks will get back on schedule, but its good to be ready for them a little early --- rather than late !
essentially, thats it cause there really isnt much to it except leaving the basket under your floppy drive to catch the money dropping !
TEST IT --- it works for me, even when i enter late and suffer a days drawdown, but DONT enter LATE and dont suffer, which is kinda simple to remember.
the whole thing with the trade is the range of GU --- even if you get stuck in a trend change, the "noise" of the mkt with up and down movements at that point, will invariably take out your 5 pips !
But 5 pips here, and 5 pips there and do it enough times in a day, and then a week, and it begins to look like real money after a while.
I think you may be confused or not sure of how it works because its mechanical and has no rules except DONT ENTER LATE !I see you have also mentioned before that 10:30 pm est is a minor reversal as well. I have noticed it on occasion. Does it still hold true in your observations? Thanks!
Hy people,
Both strategies use the Trend as the main thing to know. Kamper uses that Trend Histo and MP uses that woodo spagetti system. I wanted to know what others use for getting the trend.
So my question is: what is the best trend indicator you've ever seen?
Trend Histo lags and spagetti is not accurate and also lags because it's based on MA. MACD gives false signals sometims while Yellow with the Red cross showes them ok but after the event happened.
Thanks==================================================
THERES NEVER A MODERATOR AROUND WHEN A PERSON IS BEING INSULTED !
phoooooooooooooof !
mp
MP
I know this is a pain and you have gone over it many times but could you please explain to a total noob like me your hedge trade. How you do it.When
you do it. What you do. How does it work etc. I have read all the thread but
just cant grasp the basics of it. You did say any newbies please ask questions.
Kind Regards
Geoff================================================
its a simple mechanical hedge trade of GBPUSD that i enter with a 5 pip take profit on the long and the same on the short ---- both trades are entered as closely to each others price as possible and the whole concept is based on the intraday reversals that EVERY currency goes thru and the inter - interday reverrsals they make WITHIN the reversal ! My spread is one pip !
I DO NOT USE A STOPLOSS !
I enter a minimum of 45 minutes before the market reversals in the US which can be considered as MAJOR at NOON, EST and MIDNITE, EST.
I use the minor reversals at 10:30 AM, 1:30 PM, 5PM, 8PM, 10:30 PM
NONE of these times are written in stone unfortunately, but on a very VERY high average hold true ---- sometimes the NOON reversal happens at 11:30 AM if the banks feel its time to reverse, but invariably the trade will come in if you get stuck there --- simply takes a few hours then.
I had been trading this without entering a weekend trade, but last week I did as an experiment and it cleared nicely came sunday nite --- I wouldnt run right out and do that if I were you, but its something to consider.
if you observe the market, you will notice reversals every 1.5 hours ( WHICH USUALLY DO NOT ALTER THE LONGER TREND, such as on the H1), as the longs get out and the shorts come in (or the brokers now short the runup to make THEIR profit against your long, or to simply hit your stoploss, take your shares, and then run the price up again ---- that way they make twice as much while you sit there wondering what happened to your nice profit on the long trade !
IF THE REVERSALS COME IN EARLY, count one and a half hours to expect the next --- somewhere on down the line the banks will get back on schedule, but its good to be ready for them a little early --- rather than late !
essentially, thats it --- cause there really isnt much to it except leaving the basket under your floppy drive to catch the money dropping !
TEST IT --- it works for me, even when i enter late and suffer a days drawdown, but DONT enter LATE and dont suffer, which is kinda simple to remember and is the ONLY rule i can think of .
the whole thing with the trade is the range of GU --- even if you get stuck in a trend change, the "noise" of the mkt with up and down movements at that point, will invariably take out your 5 pips !
But 5 pips here, and 5 pips there and do it enough times in a day, and then a week, and it begins to look like real money after a while.
As a kinda aside, whenever
I think you may be confused or not sure of how it works because its mechanical and has no rules except DONT ENTER LATE and while some probably think there is not much to be made, try throwing 5 or 10 lots on each side, 5X a day, and tell me then !
BTW --- YOU dont do that for a long long time --- greed is what kills graveyard dead !
I see you have also mentioned before that 10:30 pm est is a minor reversal as well. I have noticed it on occasion. Does it still hold true in your observations? Thanks!
=================================================
the japanese mkt takes a break between 9:30 and 10:30 PM, EST
when they come back with a little saki and sushi running thru their veins, they are ready to knock heads and you invariably get a rapid run one way, and then the other, with the prices then moving to trend -- similar to what they do when they first enter the mkt.
by that time of day ive pretty much used up my clip of "hedges" on my short barelled assault shotgun, so im not really sweating profusely to make another trade, but waiting for the midnite train to georgia where i place my goodnight hedge !
so you watch and tell me --- the McQuire sisters are here then, and i somehow lose my attention span !
thnx
mp
Mp -- Voodoo Spaghetti And The Lrc !
the bold red lines heading down was the trend up to the reverse, indicated by the "dot" and the ziggies.
presently moving up trend, it has dropped to what MAY be support, which get all excited about if it drops thru, although MY TRUSTY MACD is pointing down (LOL) so i would be watching for that to happen, and as i type this appears to be happening.
switching then to the H4 chart, one can see that its just a part of the general movement while in an H4 ziggy uptrend reversal with 9716 - 9735 upside. The currency is presently stuck in a pennant pattern and we wait for the upside breakout much later tonite. The macd thingie has ceased its downside slope (purple) and leveled out and the short term ma's have crossed slightly (yellow and red) and the ziggy points us to up.
here you can see the red and yellow LRC's in a clearer, more overall, manner -- if one were scalping, going to the lower timeframes and using the top and bottom of the LRC would give us, in addition to barrys s+r and the dots and the ziggies, our support and resistance for short term plays.
Our System. :-)